Bangkok’s Property Price Index remained positive in the fourth quarter of 2017 (4Q17), with the Index climbing up from 199 in the previous quarter to 205. While the increase is slower than the previous quarter’s, the 3 percent quarter-on-quarter (Q-o-Q) increase in 4Q17 maintains the positive momentum of Bangkok’s property market in 2017. This indicates that the Thai capital, and indeed, the whole country, have gradually recovered from the economic slowdown, while consumer purchasing power, especially in the upper and middle end segments, has improved.
Prices will continue to rise, with supporting factors including the government’s ongoing spending on infrastructure both in metropolitan Bangkok and up-country, while growing demand from overseas buyers will also prop up continued increases in price. Supply will remain at high levels due to slower take-up rates, which is expected to continue in 2018.
DDproperty Price Index
Increased by 3%
DDproperty Supply Index
Decreased by 7%
Insightful data and analysis in this report will help your property decisions become the right ones.